Higher Electricity Prices Estimated for this Winter Season

Winter-Peak-Power-Demand

By UtilityDive:

The New York Independent System Operator (NYISO) reported that “the grid operator’s extreme winter weather scenario shows that peak demand could increase to as much as 26,086 MW, higher than its previous all-time winter peak.

NYISO repeated its earlier warning that it expects a sharp rise in wholesale electricity prices, and in consumer bills, this winter due to lingering impacts of the pandemic and Russia’s invasion of Ukraine.

The U.S. Energy Information Administration projected that the price of natural gas delivered to electric generators would average $8.81/MMBtu this summer, up from $3.93/MMBtu in 2021.”

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Higher Fuel Costs and Power Outages Produced a Hard Spot for TVA in 2022

TVA-Power-Expenses

By PowerEngineering:

TVA’s financial statement filed with the Securities and Exchange Commission (SEC) showed fuel and power purchased expenses up nearly $2 billion in FY ’22 compared to the previous fiscal year. “Total operating expenses rose $2.5 billion for the year that ended Sept. 30, as compared to the prior year.

These increases were primarily due to higher natural gas and coal prices, along with increased market prices of purchased power. TVA said its fuel expenses alone rose by $830 million year-over-year. TVA said the average price of natural gas was almost 90% higher in 2022 as compared to 2021.”

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DOE Will Implement $350 Million in Long-Duration Energy Storage Projects

DOE-Energy-Storage

By T&D World:

The US Department of Energy (DOE) will deploy long-duration energy storage (LDES) projects for maintaining power delivery for “10 to 24 hours or longer to support a low-cost, reliable, carbon-free electric grid. Funded in part by President Biden’s Bipartisan Infrastructure Law, this funding opportunity will advance new renewable energy technologies, enhance the capabilities of customers and communities to integrate grid storage more effectively, increase grid resilience, and expand America’s global leadership in energy storage.

The Biden-Harris Administration, through the U.S. Department of Energy (DOE) has announced $350 million for these emerging” type projects.

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3D CAD Modeling Substation Design

Substation-3D

By 3 Phase Associates:

Substations can be modelled in three-dimensions, allowing customers to see full scale in isometric views, or any views relative to positioning that they would not have had before with traditional 2D designs. Proper construction of electrical equipment in most 3D software also allows for efficient go-by production, as elements can be plugged in or removed in minutes, and entire substations can be remodeled according to revisions or to create whole new designs.

The ability to change the virtual materials of 3D models also allows for consistent and accurate representation of the substation. Instead of having a matte, grey mass in the shape of a transformer, circuit breaker, switches, concrete foundations, steel structures, insulators, and copper connection points can be expressed with proper physical dimensions of density, mass, etc., and includes appropriate colors that anyone who observes real-life substations can recognize.

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